How Barclays and Credit Suisse avoided a govt bailout during the 2008 financial crisis Nothing illustrates the fact that banks can create their own credit money better than the “investment” in Credit Suisse and Barclays Bank by Gulf investors during… Continue reading The Gulf Investor Deception
TL;DR The core banking system sucks. It sucks for everyone, but it sucks more if you are poor or live under a dictatorship. Technology allows us to build a better core banking model. By core banking, I mean deposits and… Continue reading Creating a better banking system, for a better world
As the world faces an unprecedented economic crisis, there is a fundamental error in most policy-makers’ assumptions: they see banks as financial intermediaries. In this view, banks are simply intermediaries, charging for connecting surplus capital with productive opportunities. Essentially, it… Continue reading Don’t expect banks to lend again anytime soon
Cutting through the veil of lies, invented complexities and deceit In the event that you ever took a course in economics at university, there is a reason why you don’t know that commercial banks create the vast majority of the… Continue reading Where does money come from?